6. Which of the following are included in this years GDP? Explain your answer in each case....

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6. Which of the following are included in this year’s GDP?

Explain your answer in each case. LO1

a. The services of a commercial painter in painting the family home.

b. An auto dealer’s sale of a new car to a nonbusiness customer.

c. The money received by Smith when she sells her biology textbook to a used-book buyer.

d. The publication and sale of a new economics textbook.

e. A $2 billion increase in business inventories.

f. Government purchases of newly produced aircraft.

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Macroeconomics, Brief Edition

ISBN: 9780077230975

1st Edition

Authors: Campbell McConnell

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Question Posted: Sep 26, 2024 12:00 PM

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6. Which of the following are included in this years GDP? Explain your answer in each case....

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Macroeconomics, Brief Edition

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